By Susanna Moon
Chicago, Nov. 15 - UBS AG, London Branch priced $200,000 of trigger phoenix autocallable optimization securities due Nov. 23, 2012 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Ford stock closes at or above the trigger price - 75% of the initial share price - on a monthly observation date, the issuer will pay a contingent coupon of 19.81%.
If the stock closes at or above the initial price on any observation date, the notes will be called at par of $10 plus the contingent coupon.
The payout at maturity will be par if the notes are not called and Ford shares finish at or above the trigger price.
If the shares finish below the trigger price, investors will be fully exposed to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Ford Motor Co. (NYSE: F)
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| Amount: | $200,000
|
| Maturity: | Nov. 23, 2012
|
| Coupon: | 19.81% if Ford stock closes at or above the trigger price on any monthly observation date
|
| Price: | Par of $10
|
| Payout at maturity: | If Ford shares finish at or above the trigger price, par; otherwise, exposure to losses
|
| Call: | At par plus contingent coupon if share price is at or above initial price on any monthly observation date
|
| Initial share price: | $10.87
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| Trigger price: | $8.15, or 75% of initial share price
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| Pricing date: | Nov. 15
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| Settlement date: | Nov. 18
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.25%
|
| Cusip: | 90267M431
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